MIRA INFORM REPORT
|
Report No. : |
349264 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
PHAARMASIA LIMITED |
|
|
|
|
Registered
Office : |
16, Phase – III, Industrial Development Area, Jeedimelta, Hyderabad –
500055, Telangana |
|
Tel. No.: |
91-40-23095002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
06.02.1981 |
|
|
|
|
Com. Reg. No.: |
36-002915 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.68.270 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L24239TG1981PLC002915 |
|
|
|
|
IEC No.: |
0991011163 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP2286M |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Pharmaceutical Formulation and Cosmetics. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 370000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Phaarmasia Limited is a pharmaceutical company. It is a manufacturer of
pharmaceutical formulation and cosmetics. The company was founded in 1981 and
is based in Hyderabad, Telangana. It is having satisfactory track record. Turnover and profit of the company has declined during FY 2015.
However, networth base of the company is satisfactory. General financial
position of the company is normal and acceptable for business dealings. Further, the rating also takes into consideration debt free balance
sheet and company’s long track record of business operation. Trade relations are reported as fair. Business is active. Payments
terms are reported as slow but correct. In view of long track record and acceptable financial base, the
company can be considered normal for business dealings at usual trade terms
and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
HENKEL RATING
|
HENKEL’s Rating : |
350 (Significant Risk) |
|
Credit
Rating |
Henkel
Rating (Customer Risk Assesment- CRA) |
||
|
Mira
Inform |
Risk
Category |
Credit
Limit |
Description |
|
Aaa |
100 |
Inter Company, credit limit
not required |
Very low risk (blue ships) |
|
Aa |
200,
201 |
(120% of Gross Annualised Sales/365)*Credit
Term. |
Low risk |
|
A |
300,
301 |
(100% of Gross Annualised
Sales/365)*Credit Term. |
Moderate risk |
|
Ba |
350 |
(90% of Gross Annualised
Sales/365)*Credit Term. |
Significant risk |
|
B |
400 |
(80% of Gross Annualised Sales/365)*Credit
Term. |
High risk |
|
450 |
Very high risk |
||
|
Ca
or C |
500* |
NIL/ Legal/ Bad/No Transaction |
Doubtful accounts |
|
007* |
NIL |
Small unrated customers |
|
|
009* |
NIL |
Inactive customers |
|
|
999* |
Initially First Invoice vales,
CRA will be done and based on report the CL would get revised. |
New customer |
|
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Sunil |
|
Designation : |
Assistant Accountant |
|
Contact No.: |
91-40-23095002 |
|
Date : |
17.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
16, Phase – III, Industrial Development Area, Jeedimelta, Hyderabad –
500055, Telangana, India |
|
Tel. No.: |
91-40-23095002 |
|
Fax No.: |
91-40-23097323 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Industrial |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Maneesh R. Sapte |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. Y. N. Bhaskara Rao |
|
Designation : |
Whole-time Director |
|
|
|
|
Name : |
Mr. Vinay Ramakant Sapte |
|
Designation : |
Non-executive Director |
|
|
|
|
Name : |
Mrs. Rashmi Vinay Sapte |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Mr. Bharat B. Merchant |
|
Designation : |
Non-Executive Independent Director |
|
|
|
|
Name : |
Mr. Bhupinder N. Garg |
|
Designation : |
Non-executive Independent Director |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Assistant Accountant |
SHAREHOLDING PATTERN
AS ON 30.09.2015
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding as
a % of Total No. of Shares |
|
(A) Shareholding of
Promoter and Promoter Group |
||
|
|
|
|
|
|
5014232 |
73.45 |
|
|
5014232 |
73.45 |
|
|
|
|
|
Total shareholding of
Promoter and Promoter Group (A) |
5014232 |
73.45 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
3960 |
0.06 |
|
|
3960 |
0.06 |
|
|
|
|
|
|
17324 |
0.25 |
|
|
|
|
|
|
1383557 |
20.27 |
|
|
403148 |
5.91 |
|
|
4739 |
0.07 |
|
|
3587 |
0.05 |
|
|
1152 |
0.02 |
|
|
1808768 |
26.49 |
|
Total Public shareholding
(B) |
1812728 |
26.55 |
|
Total (A)+(B) |
6826960 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
6826960 |
0.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pharmaceutical Formulation and Cosmetics. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L\C, Cheque and Credit |
|
|
|
|
Purchasing : |
L\C, Cheque and Credit |
PRODUCTION STATUS: AS ON 31.03.2015
|
Particulars |
|
Installed
Capacity (on
Single Shift Basis) |
|
- Liquids in KL |
|
6000 P.A. |
|
- Tablets in Millions |
|
5400 P.A. |
|
- Capsules in Millions |
|
3000 P.A. |
|
- Pastes, Creams and Ointments in M.T |
|
4500 P.A. |
|
|
|
|
|
Particulars |
|
Actual
Production |
|
a) For conversion |
|
|
|
Liquids (KL) |
|
201.670 |
|
Pastes & Creams(MT) |
|
2635.130 |
|
|
|
|
|
b) Own Production : |
|
|
|
Liquids (KL) |
|
0.000 |
|
Tablets(Millions) |
|
543.990 |
|
Pastes & Creams(MT) |
|
0.000 |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users and OEMs
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No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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Financial
Institute : |
|
|
|
|
|
Statutory Auditors: |
|
|
Name : |
K S. Ramakrishna and Company Chartered Accountants |
|
Address : |
5-9-22/38/2, Adarsh Nagar, Hyderabad – 500063, Telangana, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Related Parties: |
|
|
|
|
|
Holding Company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6826960 |
Equity Shares |
Rs.10/- each |
Rs.68.270
Million |
|
|
|
|
|
Reconciliation of the
Shares outstanding at the beginning and at the end of the reporting period:
|
Particulars |
AS ON 31.03.2015 |
|
|
|
No. of shares |
Amount |
|
Outstanding at the beginning of the year |
6826960 |
68.270 |
|
Shares issued during the year |
0.000 |
0.000 |
|
outstanding at the end of the year |
6826960 |
68.270 |
Details of
Shareholders holding more than 5% (percent) shares in the Company:
|
Particulars |
AS ON 31.03.2015 |
|
|
|
No. of shares |
% of holding |
|
Maneesh Pharmaceuticals Limited |
3014232 |
44.15 |
|
Svizera Labs Private Limited |
2000000 |
29.30 |
The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company the holders of equity shares will be entiled to receive remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
FINANCIAL DATA
[all figures are
in Rupees Million]
FINANCIAL DETAILS ATTACHED
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
0.174 |
0.000 |
NA |
|
Cash generated from operations |
4.965 |
2.243 |
1.280 |
|
Net cash flow operating activities |
4.791 |
1.698 |
0.989 |
STOCK
PRICES
|
Face Value |
-- |
|
Market Value |
Rs.24.70/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
68.270 |
68.270 |
68.270 |
|
Reserves & Surplus |
6.915 |
6.209 |
62.812 |
|
Net worth |
75.185 |
74.479 |
131.082 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
72.888 |
212.845 |
187.402 |
|
|
|
192.017 |
(11.954) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
72.888 |
212.845 |
187.402 |
|
Profit |
34.001 |
3.527 |
1.395 |
|
|
46.65% |
1.66% |
0.74% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FUTURE OUTLOOK:
The new government is likely to give more thrust towards infrastructure growth which helps in more transportation activities. This in turn will help their retreading industry; they forecast a healthy growth during the financial year 2015-2016.
INDUSTRY OVERVIEW:
Generally the Pharmaceutical Industry is registering better performance inspite of severe competition from multinational companies. There are many opportunities in 3 world countries for export of various formulations and drugs. The management is confident of improving the operations by focusing on manufacturing of Cosmetics and Oral Contraceptive Pills.
OUTLOOK:
The Company continues to explore the possibilities of expansion in its activities and will make the necessary investment when attractive opportunities arise.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER, 2015
(Rs. In Million)
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Year Ended ( Unaudited) |
|
|
30.09.2015 |
30.06.2015 |
30.09.2015 |
|
|
|
|
|
|
1.
Income from operations |
|
|
|
|
a) Net sales/ Income from operation (net of excise duty) |
43.486 |
21.336 |
64.822 |
|
b) Other operating income |
1.353 |
1.053 |
2.406 |
|
Total
income from Operations(net) |
44.838 |
22.388 |
62.227 |
|
2.Expenditure |
|
|
|
|
a) Cost of material consumed |
12.901 |
13.592 |
26.493 |
|
b) Purchases of stock in trade |
0.000 |
0.000 |
0.000 |
|
c) Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
11.082 |
(11.296) |
(0.214) |
|
d) Employees benefit expenses |
3.637 |
3.429 |
7.066 |
|
e) Depreciation and amortization expenses |
1.590 |
1.469 |
3.059 |
|
f) Other expenditure |
14.268 |
14.548 |
28.816 |
|
Total expenses |
43.478 |
21.742 |
65.220 |
|
3. Profit from operations before other income and
financial costs |
1.361 |
0.646 |
2.007 |
|
4. Other income |
0.000 |
0.000 |
0.000 |
|
5. Profit from ordinary activities before finance costs |
1.361 |
0.646 |
2.007 |
|
6. Finance costs |
0.068 |
0.048 |
0.116 |
|
7. Net profit/(loss) from
ordinary activities after finance costs but before exceptional items |
1.293 |
0.598 |
1.891 |
|
8. Exceptional item |
0.000 |
0.000 |
0.000 |
|
9. Profit from ordinary
activities before tax Expense: |
1.293 |
0.598 |
1.891 |
|
10.Tax expenses |
(0.38) |
(0.179) |
(0.567) |
|
11.Net Profit / (Loss) from ordinary activities
after tax (9-10) |
0.905 |
0.419 |
1.324 |
|
12.Extraordinary Items (net
of tax expense) |
0.000 |
0.000 |
0.000 |
|
13.Net Profit / (Loss) for the
period (11 -12) |
0.905 |
0.419 |
1.324 |
|
14.Paid-up equity share capital (Face value Rs.10/- per share) |
68.270 |
68.270 |
68.270 |
|
15. Reserve excluding Revaluation Reserves as per balance sheet of
previous accounting year |
0.000 |
0.000 |
0.000 |
|
16.i) Earnings per share
(before extraordinary items) of Rs.10/- each) (not annualised): |
|
|
|
|
(a) Basic |
0.1326 |
0.0614 |
0.1939 |
|
(b) Diluted |
0.1326 |
0.0614 |
0.1939 |
|
Particulars
|
Quarter Ended ( Unaudited) |
Quarter Ended ( Unaudited) |
Year Ended ( Unaudited) |
|
|
30.09.2015 |
30.06.2015 |
30.09.2015 |
|
A. Particulars of shareholding |
|
|
|
|
1. Public Shareholding |
|
|
|
|
- Number of shares |
1812728 |
1812728 |
1812728 |
|
- Percentage of shareholding |
26.55 |
26.55 |
26.55 |
|
2. Promoters and Promoters group Shareholding- |
|
|
|
|
a) Pledged /Encumbered |
|
|
|
|
Number of shares |
NIL |
NIL |
NIL |
|
Percentage of shares (as a % of total shareholding of the
promoter and promoter group) |
NIL |
NIL |
NIL |
|
Percentage of shares (as a % of total share capital of the
company) |
NIL |
NIL |
NIL |
|
|
|
|
|
|
b) Non Encumbered |
|
|
|
|
Number of shares |
5014232 |
5014232 |
5014232 |
|
Percentage of shares (as a % of total shareholding of the promoter
and promoter group) |
100 |
100 |
100 |
|
|
|
|
|
|
Percentage of shares (as a % of total share capital of the
company) |
73.45% |
73.45% |
73.45% |
|
|
|
|
|
|
B.
Investor Complaints |
|
|
|
|
Pending at the beginning of the quarter |
|
|
0 |
|
Receiving during the quarter |
|
|
0 |
|
Disposed of during the quarter |
|
|
0 |
|
Remaining unreserved at the end of the quarter |
|
|
0 |
|
Notes:
|
|||
STATEMENT
OF ASSETS AND LIABILITIES
|
SOURCES OF FUNDS |
|
|
30.09.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
68.270 |
|
(b) Reserves &
Surplus |
|
|
51.335 |
|
(c) Money received
against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
|
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
|
119.604 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.983 |
|
(d) long-term provisions |
|
|
3.333 |
|
Total Non-current
Liabilities (3) |
|
|
4.316 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
0.000 |
|
(b) Trade payables |
|
|
76.036 |
|
(c) Other current
liabilities |
|
|
34.270 |
|
(d) Short-term provisions |
|
|
4.690 |
|
Total Current Liabilities
(4) |
|
|
114.996 |
|
|
|
|
|
|
TOTAL |
|
|
238.916 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
142.970 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets
under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.646 |
|
(d) Long-term Loan and Advances |
|
|
2.487 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current Assets |
|
|
146.103 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
5.908 |
|
(c) Trade receivables |
|
|
79.214 |
|
(d) Cash and cash
equivalents |
|
|
2.609 |
|
(e) Short-term loans and
advances |
|
|
0.028 |
|
(f) Other current assets |
|
|
5.054 |
|
Total Current Assets |
|
|
92.813 |
|
|
|
|
|
|
TOTAL |
|
|
238.916 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90343008 |
31/12/1994 |
3,740,000.00 |
INDIA EQUIPMENT LEASIND LIMITED |
21 NO. PATULLOS ROAD, MADRAS, TAMILNADU, INDIA |
- |
|
2 |
90339952 |
29/06/1993 |
788,248.00 |
NAGARJUNA INVESTMENT TRUST LIMITED |
26; NAGARJUNA HILLS PANJAGUTTA; HYDERABAD - 500482, TELANGANA INDIA |
- |
|
3 |
90340793 |
10/06/1993 |
336,140.00 |
NAGARJUNA INVESTMENT TRUST LIMITED |
26; NAGARJUNA HILLS PANJAGUTTA, HYDERABAD - 500482, TELANGANA INDIA |
- |
|
4 |
90339904 |
25/02/1992 |
1,000,000.00 |
BANK OF MADURA LIMITED |
K J MARKET; KOTI, HYDERABAD TELANGANA, INDIA |
- |
|
5 |
90339896 |
07/11/1991 |
1,800,000.00 |
BANK OF MADHURA LIMITED |
KHOTI, HYDERABAD, TELANGANA, INDIA |
- |
|
6 |
90340710 |
21/06/1991 |
1,525,000.00 |
BANK OF MADURA LIMITED |
K J MARKET KOTI, HYDERABAD, TELANGANA, INDIA |
- |
|
7 |
90340707 |
17/09/1992 * |
587,300.00 |
BANK OF MADURA LIMITED |
KOTI, HYDERABAD, TELANGANA, INDIA |
- |
|
8 |
90339878 |
25/05/1991 |
3,750,000.00 |
BANK OF MADURA LIMITED |
KHOTI, HYDERABAD, TELANGANA, INDIA |
- |
|
9 |
90339845 |
07/08/1990 * |
200,000.00 |
BANK OF MADURA LIMITED |
P. B. NO. 510 KOTI, HYDERABAD - 500195, TELANGANA, INDIA |
- |
|
10 |
90340489 |
30/05/1992 * |
800,000.00 |
BANK OF MADURA LIMITED |
KOTI, HYDERABAD, TELANGANA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Vehicles
- Office
Equipment’s
- Computers
- Tanks and
Vessels
- Pumps and
Motors
- Packaging
Equipment’s
- Service
Equipment’s
- Weighing
Machinery
- Lab Equipment
- Air
Conditioner
- Electrical
Installation
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
UK Pound |
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.